BUSINESS Airline giant IAG buys Spain's Air Europa for 1.0 bn euros

BUSINESS

Airline giant IAG buys Spain's Air Europa for 1.0 bn euros

AFP

15:37, November 04, 2019

London-listed airline giant IAG, owner of British Airways and Iberia, announced Monday that it has agreed to buy Spain's Air Europa for 1.0 billion euros ($1.2 billion).

VCG31448255625.jpg

File photo: VCG

IAG said in a statement that it has signed a transaction agreement with Air Europa owner Globalia in a deal which will cement Madrid as a major hub for the enlarged group and expand its routes to Latin America and the Caribbean.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue